Slower spread of the coronavirus in recent days as well as hopes that oil output cut agreement may be reached continue to push US indices higher and higher. Most of the Wall Street indices have already recovered around half of losses incurred during the February-March drop. S&P 500, Dow Jones and Nasdaq have already rallied 25-30% from mid-March lows.
Nasdaq (US100) is making a break above the 50% retracement and 200-session moving average today as coronavirus data continues to support sentiment. Source: xStation5
Daily summary: Banks and tech drag indices up 🏭US industry stays strong
Three Markets to Watch Next Week (16.01.2026)
US OPEN: Bank and fund earnings support valuations.
MIDDAY WRAP: Capital flows into European technology stocks 💸🔎